publication for 2015

Year 2014-2015

(1st April, 2014 to 31st March, 2015)

2nd Floor, A.M.A. House, Opp. H.K. College, Ashram Road,Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430

E-Mail : [email protected]; [email protected] : www.imansss.org

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I.M.A. NATIONAL SOCIAL SECURITY SCHEME2nd Floor, A.M.A. House, Opp. H.K. College, Ashram Road,

Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430 E-Mail : [email protected];

Website : [email protected]

: MEMBERS :

Dr. Jitendra B. PatelHon. Jt. Secretary

Dr. Shailendra VoraHon. Asst. Fina. Secretary

Dr. A. Marthanda PillaiNational President, I.M.A.

Dr. Yogendra S. ModiHon. Secretary

Dr. Kirti M. PatelChairman

Dr. K.K. AgarwalHon. Secretary General, I.M.A.

Dr. Bipin M. PatelHon. Finance Secretary

Dr. Anil Nayak

Dr. G. Suresh

Dr. Shrikant KothariDr. V. C. V. Pillai

Dr. Gogi Anantharaj N.Dr. P. Ramakrishnan

Mehsana, Gujarat Hyderabad, A. P.

Mumbai, Maharashtra Trivendrum, Kerala

Gangavathi, Karnataka Trichy, Tamil Nadu

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(Dr. Yogendra S. Modi)Hon. Secretary

(Dr. Kirti M. Patel)Chairman

Managing committee Members :

ONE POST EACH FROM FOLLOWING STATES

1. Gujrat 2. Andra Pradesh

3. Maharashtra 4. Kerala

5. Karnataka 6. Tamilnadu

7. Uttar Pradesh 8. Madhya Pradesh

The Nominations for above posts are invited from the members of the scheme on

letter pad along with Full Name, signature, IMA NSSS No., PAN Card No., Consent to

serve scheme and Full Name, IMA NSSS NO. And Signature of the proposer and

seconder. It should reach to the IMA NSSS OFFICE at ahmedabad on or before 15-12-

2015 during office hours.

If the office does not receive any nomination by 15-12-2015, then nomination will

be invited on the floor of general body meeting for that particular post. if require,

election will be done in General Body Meeting. Contestant member must present in

the General Body Meeting.

6. To Pass the estimated budget for the year 2016-17.

7. To appoint auditors.

8. To discuss letters received from members

9. Anything with the permission of Chair.

With warm regards

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Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430 E-Mail : [email protected],


The General Body Meeting of the Members of I.M.A. N.S.S.S. will be conveyed on

27/12/2015, 9.30 a.m. at venue of IMA NATCON-2015, 90th National Conference of

I.M.A. H.Q. at HOTEL Le MERIDIAN, New Delhi

Kindly make it convenient to attend the same.

In case of want of quorum, meeting will be adjourned for 10 minutes and non-

quorum meeting shall transact the business on the agenda.

AGENDA

(1) To confirm the minutes of last General Body Meeting held at Gujarat

University Convention Hall, Nr.Helmet Circle, Memnagar, Ahmedabad on

27/12/2014.

(2) To pass condolence resolution of the sad demise of our members.

(3) To pass the Annual Report.

(4) To pass the Audited Report of Accounts for the year 01-04-2014 to

31-03- 2015.

(5) To elect the following office Bearers and Managing Committee Members for

the year 2016-2018

Office Bearers (All the post from IMA NSSS Head Quarters-Ahmedabad)

1. Chairman (One) 2. Hon. Secretary (One)

3. Hon. Fina. Secretary (One) 4. Hon. Jt. Secretary (One)

5. Hon. Ass. Fina Secretary (One)

(5)(4)


Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430 E-Mail : [email protected],


MINUTES OF GENERAL BODY MEETING OF

I.M.A. N.S.S.S.A General Body Meeting of I.M.A. N.S.S.S. was convened on 27/12/2014 - at 9.30 a.m. at

venue of NATCON-2014, 89th National Conference of I.M.A. H.Q. at Gujarat University

Convention Hall, Nr. Helmet Circle, Memnagar, Ahmedabad.

Dr. Jitendra B. Patel – National President - IMA HQ was in Chair.

Dr. Kirti M. Patel – Chairman of I.M.A. N.S.S.S. welcomed Dr. Jitendra B. Patel - National

President - IMA HQ, Dr. Narendra Saini - Hon. Secretary General - IMA HQ, and all the

members of I.M.A. N.S.S.S.. Dr. Kirti M. Patel – Chairman requested Dr. Jitendra B. Patel -

National President to call meeting to order.

Dr. Jitendra B. Patel welcomed all the members. IMA HQ President appreciated the work done

by IMA NSSS Office. He called the meeting to order.

Dr. Yogendra Modi – Hon. Secretary, IMA NSSS transacted the agenda.

AGENDA: 1 : To confirm the minutes of last General Body Meeting held at Charak

Auditorium, GSL Medical College & Hospital, Rajahmundry, Andhra Pradesh on

27/12/2013.

Minutes of last General Body Meeting held on 27/12/2013 at Charak Auditorium, GSL

Medical College & Hospital, Rajahmundry, Andhra Pradesh was read by Dr. Yogendra S. Modi -

Hon. Secretary.

There was no correction, the minutes was passed unanimously.

NSSSNo.

Name Of Member State Place(City/Town)

Sr.No

AGENDA:2 :To pass condolence resolution of sad demise of our members.After last General Body Meeting, following members have passed away for heavenly abode.

1 6739 Dr. Shah Babulal Motichand Gujarat Surat

2 2221 Dr. Adatiya Anil M. Maharashtra Mumbai

3 10474 Dr. Heranjan Udayshankar S. Karnataka Bagalkot

4 7930 Dr. Shirole Devendra K. Maharashtra Pune

5 2739 Dr. Bohara Chandmal Rajasthan Udaipur

6 11230 Dr. Bhatt Mitesh Navinbhai Gujarat Surat

7 11402 Dr. Gondaliya Ashok N. Gujarat Junagadh

8 7670 Dr. Delhiwala Manhar J. Gujarat Bhuj

9 4404 Dr. Luhana Kohri Bhojmal Gujarat Bhavnagar

10 1209 Dr. G. Chinna Narayan A.P. Nellore

11 645 Dr. Ghosh Saraswathi S. A.P. Hyderabad

12 455 Dr. Patel Vitthalbhai C. Gujarat Vadodara

13 4590 Dr. Adroja Ratilal N. Gujarat Ahmedabad

14 2668 Dr. Mangrola Ranjitsinh Gujarat Surat

15 1096 Dr. Shah Rajanikant Hiralal Maharashtra Mumbai

16 6675 Dr. Gandhi Sureshchandra P. Gujarat Lunawada

17 516 Dr. Shah Ramniklal Ambalal Gujarat Ahmedabad

18 6739 Dr. Shah Babulal Motichand Gujarat Surat

19 5333 Dr. Mehta Vinodrai Nagardas Maharashtra NEBS

20 4522 Dr. Kittur Shripal B. Karnataka Nipani

21 2427 Dr. Patel Kaushik Babulal Gujarat Ahmedabad

22 11328 Dr. Hasaraddi Sudhir A. Karnataka Bijapur

23 7314 Dr. V.V. Srinivas Rao A. P. Venkatagiri

24 6287 Dr. Patel Sailesh C. Gujarat Baroda

25 3608 Dr. Deshmukh Rajendra N. Maharashtra Amravati

26 377 Dr. Nanavati Mahendra D. Gujarat Junagadh

(6) (7)

The house observed two minutes silence for departed soul and pray almighty.

AGENDA : 3 : To pass Annual Report.After due discussion, the annual report was adopted.

Proposed by : Dr. Kamlesh Saini - AhmedabadSeconded by : Dr. Ashok Kanodia - Ahmedabad

AGENDA: 4 : To pass the Audited Report of Accounts for the year 01-04-2013 to 31-03-2014.Audited Report of Accounts for the year 01-04-2013 to 31-03-2014 were placed before the house.After due discussion the Audited Accounts were adopted.

Proposed by : Dr. Anil Nayak - MehsanaSeconded by : Dr. Jitendra N. Patel - Ahmedabad

AGENDA : 5 : To pass the estimated budget for the year 2015- 2016.It was passed unanimously.

Proposed by : Dr. Mehul Shah- AhmedabadSeconded by : Dr. Shrikant Kothari

AGENDA : 6 : To appoint auditors.The office is empowered to appoint auditors.

AGENDA : 7 : To discuss letters received from members.Office has received letters as follows :Office had informed about the suggestions and letters received from NSSS members All the Suggestions were discussed at length but these suggestions were not considered.

AGENDA : 8 : Anything with the permission of Chair.1) Dr. Yogendra S. Modi – Hon. Secretary, informed the house that following

members were terminated due to non payment of D.F.C. No. 19.

NSSSNo.

Name Of Member State Place(City/Town)

Sr.No

27 3163 Dr. Waghmare Nirmalkant K. Gujarat Bardoli

28 671 Dr. Pallam Reddy V. Subba Reddy A. P. Nellore

29 3247 Dr. Parikh Yogendrabhai R. Gujarat Ahmedabad

30 1373 Dr. Gandhi Jayantilal Chandulal Gujarat Ahmedabad

31 213 Dr. Chhelavada Prafulchandra J. Gujarat Porbandar

32 9100 Dr. M. Jayaprakash Kerala Thodupuzha

33 862 Dr. George V. Jhon Kerala Peruhbavoor

34 1347 Dr. Ch. Radha Krishna Murthy A. P. Khammam

35 1385 Dr. M. Venkataratnam A. P. Sattenapalli

36 6112 Dr. Ramesh M. H. Karnataka Belgam

37 5701 Dr. Nambiar Kunhikannan Kerala Kannur

38 7395 Dr. Motha Abdulkadar Daudbhai Gujarat Ahmedabad

39 1251 Dr. T. Yadaiah Sailu A. P. Hyderabad

40 10944 Dr. Dabhi Khudabhai L. Gujarat Bhavnagar

41 9138 Dr. Arvind G. Deshpande Maharashtra

42 5085 Dr. D. Subba Rao A. P. Vuyyuru

43 5474 Dr. Shah Yogendra D. Gujarat Ahmedabad

44 3695 Dr. Patel Shivubhai N. Gujarat Balasinor

45 4787 Dr. Raya Rao Seeta Devi A. P. Hyderabad

46 3222 Dr. Patel Amritlal G. Gujarat Ahmedabad

47 3750 Dr. Dedhia Mavji Karamshi Maharashtra Mumbai

48 2172 Dr. Jadav Harishbhai Gemarbhai Gujarat Viramgam

49 1441 Dr. Padubidri Dinesh Narayan Maharashtra Mumbai

50 529 Dr. Jethy Vidhyavali S. Reddy A.P. Vellore

51 6315 Dr. Kandalkar Vasant Madhav Maharastra Walchandnagar

52 209 Dr. Patel Zaverbhai D. Gujarat Vadodara

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I.M.A. NATIONAL SOCIAL SECURITY SCHEME2nd Floor, A.M.A. House, Opp. H.K. College, Ashram Road,Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430

E-Mail : [email protected]; Website : [email protected]

REPORT OF IMA NSSS FOR THE PERIOD01/04/2014 TO 31/03/2015

Dear Members,Report of our scheme I.M.A. N.S.S.S. for the period of 01/04/2014 to 31/03/2015

ABOUT MEMBERSHIP : Year 2014-15

Actual Members at the beginning of year i.e. 01/04/2014 13783

New Members enrolled during 01/04/2014 to 31/03/2015 630

Expired Members during 01/04/2014 to 31/03/2015 50

Resigned Members during 01/04/2014 to 31/03/2015 06

Terminated Members during 01/04/2014 to 31/03/2015 28

Actual Members as on 31/03/2015 14329

DFC Paid to Nominee in Year 2014 – 2015 50

Last DFC Paid to Deceased Member’s Nominee Rs. 9,99,430/-

Amount Paid to Nominee of Deceased Members during the year Rs. 4,44,67,028/-

Total Deceased Members 674

Total Amount paid to Nominee of Deceased Members Rs.28,97,64,593/-

With your help, our scheme is able to help as Death Fund Contribution to the 50

Member’s Families during this year.

2) Dr. Yogendra S. Modi – Hon. Secretary, informed the house that following members was Resigned from the Scheme.

Sr.No. NSSS No.1 12049

Name of MemberDr. Mithra C.A. Gopalkrishna

StateKarnataka

(Dr. Yogendra S. Modi)Hon. Secretary

(Dr. Kirti M. Patel)Chairman

As there was no other business, the meeting ended with thanks to the chair

11121314

12107123671247712647

Dr. Shashi SinghDr. Venugopal Rao S. LokineniDr. Rishi DeyDr. Sudhir Singh

U.P.A.P.ChattisgrahU.P.

12345678

Sr.No. NSSS No. Name of Member State25566347675173217372789089109993

Dr. Singh Nirmal Kumar R.Dr. Porwal Balkrishna M.Dr. S. RajeswariD. C. Krishna ReddyDr. Sangam Radhika M.Dr. Prasad JaganathDr. Asalahuddin KhanDr. Alam Shehzad Abdulsattar

BiharM.P.T.N.A.P.A.P.JharkhandU.P.Gujarat

910

1156411734

Dr. Sanap Shivaji RaosahebDr. Sirkanath Paleti

MaharashtraA.P.

(10) (11)

Sr.No

NSSSNo.

Name Of Members Expired Name Of Members ExpiredState Total Amount Paid

Sr.No

NSSSNo.

State Total Amount Paid

1 8478 Dr. V. Rajarajan T.N. 323100.00

2 6739 Dr. Shah Babulal Motichand Gujarat 945010.00

3 5333 Dr. Mehta Vinodrai Nagardas Maharashtra 962960.00

4 4522 Dr. Kittur Shripal B. Karnataka 963130.00

5 2427 Dr. Patel Kaushik Babulal Gujarat 962290.00

6 11328 Dr. Hasaraddi Sudhir A. Karnataka 964160.00

7 7314 Dr. V.V. Srinivas Rao A. P. 965460.00

8 6287 Dr. Patel Sailesh C. Gujarat 968230.00

9 3608 Dr. Deshmukh Rajendra N. Maharashtra 969100.00

10 377 Dr. Nanavati Mahendra D. Gujarat 975650.00

11 3163 Dr. Waghmare Nirmalkant K. Gujarat 975470.00

12 671 Dr. Pallam Reddy V. Subba Reddy A. P. 976990.00

13 3247 Dr. Parikh Yogendrabhai R. Gujarat 977660.00

14 1373 Dr. Gandhi Jayantilal C. Gujarat 978470.00

15 213 Dr. Chhelavada Prafulchandra J. Gujarat 978210.00

16 13035 Dr. N. C. Kuttan Kerala 973040.00

17 9100 Dr. M. Jayaprakash Kerala 974220.00

18 862 Dr. George V. Jhon Kerala 974020.00

19 1347 Dr. Ch. Radha Krishna Murthy A. P. 979340.00

20 1385 Dr. M. Venkataratnam A. P. 981610.00

21 6112 Dr. Ramesh M. H. Karnataka 981440.00

22 5701 Dr. Nambiar Kunhikannan Kerala 982810.00

23 7395 Dr. Motha Abdulkadar D. Gujarat 982640.00

24 1251 Dr. T. Yadaiah Sailu A. P. 982470.00

25 10944 Dr. Dabhi Khudabhai L. Gujarat 981290.00

26 9138 Dr. Arvind G. Deshpande Maharashtra 977580.00

27 5085 Dr. D. Subba Rao A. P. 985680.00

28 5474 Dr. Shah Yogendra D. Gujarat 986210.00

29 3695 Dr. Patel Shivubhai N. Gujarat 987240.00

30 4787 Dr. Raya Rao Seeta Devi A. P. 986500.00

31 3222 Dr. Patel Amritlal G. Gujarat 986880.00

32 3750 Dr. Dedhia Mavji Karamshi Maharashtra 988960.00

33 2172 Dr. Jadav Harishbhai G. Gujarat 991310.00

34 1441 Dr. Padubidri Dinesh Narayan Maharashtra 991280.00

35 529 Dr. Jetty Vindhyavali S. A. P. 991390.00

36 6315 Dr. Kandalkar Vasant Madhav Maharashtra 991500.00

37 209 Dr. Patel Zaverbhai D. Gujarat 991400.00

38 8011 Dr. Rajeshwar Rao A. P. 987790.00

39 10382 Dr. Ghattargi Chandrashkar Maharashtra 991860.00

40 4612 Dr. Bhadla Pravinchandra A. Gujarat 991830.00

41 3857 Dr. G P V Prasada Rao A. P. 988250.00

42 1852 Dr. Sipai Harunbhai H Gujarat 989620.00

43 5762 Dr. Bukkawar Vilas G. Maharashtra 991870.00

44 2728 Dr. K. Narayana Raju A. P. 997590.00

45 348 Dr. Patel Popatlal Ranchhoddas Gujarat 997898.00

46 2944 Dr. Shah Pravinchandra M. Gujarat 995620.00

47 4681 Dr. Philip Mathew Kerala 995730.00

48 2404 Dr. Patel Bhanubhai Mohanbhai Gujarat 997600.00

49 5132 Dr. Tyagi Subhashchandra Rajasthan 999430.00

50 23 Dr. Doctor Mallinath C. Gujarat 999330.00

(12) (13)

Total amount given to deceased member’s nominee Rs.4,44,67,028.00 (Rupees : Four Crore Fourty Four Lacs Sixty Seven Thousand Twenty Eight Only).

ABOUT TERMINATED MEMBERS :For this year, we have terminated following members from the scheme due to non payment of DFC No.19.

Sr. No. NSSS No. Name State1 2310 Dr.Patel Kantibhai Dosabhai Gujarat2 3458 Dr.Thakkar Taraben Chhaganlal Gujarat3 3491 Dr.Kedaria Yesvant Maganlal Gujarat4 4309 Dr.Mahida Bharatkumar Ramsinh Gujarat5 4499 Dr.Rajana Chandra Sekhar Andhra Pradesh6 4507 Dr.Kandregula Laxmi Kumari Andhra Pradesh7 4579 Dr.Dandamudi Ramesh Kumar Andhra Pradesh8 4813 Dr.Dayal Munishwer Sriram Uttar Pradesh9 6089 Dr.Shah Bharatkumar Mahendrabhai Gujarat10 8528 Dr.V.Aarthi Tamil Nadu11 9298 Dr.Vinita Agarwal Delhi12 9388 Dr.Baij Nath Gupta Uttar Pradesh13 9921 Dr.Patel Vadankumar Mahendrabhai Gujarat14 10356 Dr.Singh Manoj Kumar Gujarat15 11286 Dr.Bhangde Sanjay Radhakisan Maharastra16 11776 Dr.Patel Rohitbhai Damubhai Gujarat17 11948 Dr.Mrinal Kanti Mandal West Bengal18 12818 Dr.Vasu Devarakonda Andhra Pradesh19 12939 Dr.Balvenkata Subramanian J Tamil Nadu20 13003 Dr.O.P.Gujaria Haryana21 13068 Dr.Savita Kumar Haryana22 13069 Dr.Harish Chander Kumar Haryana23 13320 Dr.Patel Alpesh Kantilal Gujarat24 13321 Dr.Patel Kinara Alpesh Gujarat25 13936 Dr.T.Mahathi Andhra Pradesh26 13937 Dr.Kolli Jayakishan Andhra Pradesh27 13960 Dr.Chavda Jitesh Hasmukhbhai Gujarat28 13990 Dr.Mahajan Parag Ramesh Maharashtra

CANCEL MEMBER : Sr. No. NSSS No. Name of Doctor State 1 15092 Dr. Naik Baburajendra B. KarnatakaABOUT RESIGNED MEMBERS :For this year, following member have resigned from the scheme. Sr. No. NSSS No. Name of Doctor State

1 13255 Dr. Srivastava Pankaj U. P.2 12407 Dr. Agrawal Anil Kumar Chattisgarh3 12408 Dr. Agrawal Alpana A. Chattisgarh4 13602 Dr. Kazi Seeratafshan Karnataka5 13603 Dr. Khaji Shafiulla Karnataka6 6468 Dr. V. Surya Narayana A. P.

MEMBERSHIP STRENGTH & DEATH OF MEMBERS STATE WISE :Gujarat, Andhra Pradesh, Maharashtra, Kerala, Tamil Nadu, Karnataka Uttar Pradesh and Madhya Pradesh state have more than 250 members.

State Members Death Andhra Pradesh 1144 124Assam 28 3Bihar 221 8Chandigarh 14Chhattisgarh 90Delhi 81 1Goa 4Gujarat 7434 346Haryana 112 3Himachal Pradesh 9Jammu & Kashmir 3Jharkhand 46Karnataka 475 20Kerala 559 34Madhya Pradesh 251 4Maharashtra 2290 74Manipur 1Meghalaya - 1Nagaland 5

C.A. Vijay M. Shah(Proprietor)

Mem # 017775

Place : AhmedabadDate : 15-9-2015

For, Vijay M. Shah & Co.CHARTERED ACCOUNTANTS

FRN#111417W

INDEPENDENT AUDITOR’S REPORT

VIJAY M. SHAH & CO.CHARTERED ACCOUNTANTS

OFFICE : Bank of india, Ashram Road, Ahmedabad - 380 009Phone : 079-2658 32 35 Fax : 079- 400 69 235E-mail : [email protected]

315, ATMA House. Opp. Old Reserve

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To,The Members of,IMA National Social Security Scheme,Ahmedabad.

Report on the Financial StatementsWe have audited the accompanying financial statements of IMA National Social Security Scheme, which comprise the Balance Sheet as at March 31, 2015, and Income and Expenditure Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Trust in accordance with the Trust Act. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.OpinionThe Actual/ascertained Death fraternity Contribution liability as on 31.03.15 as per actuarial valuation report is Rs 104091873/-.On the basis of experts opinion,Management has considered and provided full liability in current years account reducing therefrom Rs 324/-lakh for DFC liability provided in accounts till 31.03.14 as well as Rs 382/- lakh for DFC accumulated liability claimed in Income Tax Returns filed for earlier yearsSubject to above In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In the case of the Balance Sheet, of the state of affairs as at March 31, 2015; andb) In the case of the Income and Expenditure Account, of the Surplus for the year ended on that date.

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Dr. Yogendra S. ModiHon. Secretary

Dr. Kirti M. PatelChairman

Orissa 56 5Pondicherry 7Punjab 103 4Rajasthan 234 10Tamil Nadu 574 24Telangana 2U.T. 10Uttar Pradesh 417 9Uttarakhand 7Uttaranchal 5 1West Bengal 147 3TOTAL : 14329 674

MEMBERSHIP STRENGTH & DEATH OF MEMBERS AGEWISE : (At the Time of Joining the Scheme) :

AGE GROUP MEMBERS DEATHUp to 30 Years 1170 231 to 40 Years 3861 1641 to 50 Years 4746 5351 to 55 Years 2200 6456 to 60 Years 2202 10761 to 65 Years 115 14266 to 70 Years 30 11071 to 75 Years 5 68Above 75 Years 0 112Total 14329 674

About DFC – 20We have asked DFC 20 in April 2015. The maximum amount to be paid by each member was DFC Rs.4950/-.

I.M.A. NATIONAL SOCIAL SECURITY SCHEMEBalance Sheet as at March 31, 2015

As At31.03.15(Rupees)


ScheduleParticulars

As per our Separate Report of even date attached herewith.

Funds & LiabilitiesCorpus Fund 1 89606130 68928500Earmarked Funds-set apart for fulfilling DFC liability of 9150000 47350000members completing 25 years of tenureAdmission Fees Fund 2 48900915 46957850Advance Fraternity Contribution 3 72141526 69259276DFC Payable to Members 4 2303399 1842049Advance DFC received from members 1994938 2063568Interest Accrued - individual deposits (AFC) 466605 466605Provision for ascertained liability of DFC Payable 104091783 32400000Income Expenditure AccountOpening Balance 22620771 22600881Add: Surplus during the year -11603761 19890

Sub Total : 11017010 22620771Total : 339672306 291888619

AssetsFixed Assets 5 440904 404080Investments 6 266792695 217507758Cash & Bank BalanceCash on Hand 3550 1929Axis Bank 383490 183058Punjab National Bank A/c No. 17366 2358495 1265397HDFC Bank a/c # 979 12001 10720AXIS Bank Ltd. (DFC) A/c No. 16438 12472 11985 Sub Total : 2770008 1473089Death Fraternity Contribution receivable 48457398 51349198Corpus Fund Receivable (DFC) 21032129 20992289Advances & DepositsOffice Deposit given to Ahmedabad Medical Association 75000 75000OYT Telephone Deposit 15000 15000Advance Income Tax 9390 9390Health scheme IMA GSB 2697 0Income Tax TDS Receivable 68605 59335AEC Security Deposit 8480 3480

Sub Total : 179172 162205Total : 339672306 291888619

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Vijay M. Shah(Proprietor)Mem # 17775Ahmedabad : 15-9-2015

(Dr Kirti M. Patel)Chairman

(Dr. Yogendra S. Modi)Hon. Sec.

(Dr. Bipin M. Patel)Hon. Fin. Sec.

For Vijay M Shah & Co.,Chartered Accountants

For, I.M.A. NATIONAL SOCIAL SECURITY SCHEME

FRN # 111417W

I.M.A. NATIONAL SOCIAL SECURITY SCHEME

As At2014-15(Rupees)

As At2013-14(Rupees)

ScheduleParticulars

Income & Expenditure A/c for the year ending 31-03-2015

As per our Separate Report of even date attached herewith.

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Vijay M. Shah(Proprietor)Mem # 17775Ahmedabad : 15-9-2015




For Vijay M Shah & Co.,Chartered Accountants


FRN # 111417W

IncomeFixed Deposit interestDividend on UTI Mutual FundOther IncomeMisc. IncomeBank Charges incomeBank Interest IncomePenalty charges receivedMembership FeesInterest on Tax Refund Sub Total : Total :Expenses - Establishment Exp.Audit FeesBank ChargesBonus Exp.Computer ExpsElectric Burning Exp.Hospitality Exp.Income Tax Consultation Charges Actuary Certification ChargesInterest to Advance DFCMeeting Exps.Misc. Exp.Municipal tax Postage Exp.Printing & Stationery Exp.Repairs & Maintenance Exp.Computer Software Repair & MaintenanceSalary Exp.Telephone Exp.Travelling Exp.Contribution to charity commissionerLegal FeesWebsite Exp Sub Total :

Provision for ascertained liability of DFC PayableSurplus transferred to Balance Sheet Total :

22200820174296

12652813989

54151318723931510

0900779

23275895

2061866310336505485

169762149554944

045729199008499

126602465662356585287212500

37775011812

1214300

199020939

1387783

33491873-1160376123275895

19536272118272

465438286

446556184044

01203

68663220341177

1500048172309005440

147341557010000337084875119500

30011546

215110139247

42267000

33180012406

284977860450

012450

2121287

1820000019890

20341177

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Schedule - 3 (Advance Fraternity Contribution)

Schedule - 4 (DFC Payable)

Schedule - 2 (Capital Reserve Fund)


Schedule - 1 (Corpus Fund)As At

31.03.15(Rupees)


Particulars



Particulars



Particulars



Particulars

Schedules forming part of Annual Accounts

Opening Balance 68928500 48111650

Add: Received from new members enrolled during the year 18900 30940

Add: Tr. from DFC @ Rs.30/- per death per member 20658730 20785910

Total : 89606130 68928500

Opening Balance 46957850 45193850

Add: Recd from new members enrolled during year. 1943065 1764000

Total : 48900915 46957850

Opening Balance - AFC (Indl. Members deposit) 69259276 66506776Add : Received from new members enrolled during the year 3136000 3055000Less :AFC adj for expired/teminated/resigned members during year 253750 302500 Total : 72141526 69259276

Dr Jambudi 344670 344670Dr T. Venkata Sitaram 471920 471920Dr Gudibanda chitras 509819 509819Dr Shaikh Kareemulla 0 515640Dr P V Subba Reddi 976990 0

Total : 2303399 1842049

(19)


Schedule - 5 (Fixed Assets)

Schedule - 6 ( Investments)

As At31.03.14

As At31.03.14

Sr.No. Name As At

31.03.15

As At31.03.15

Sr.No. Name

1 Furniture 54079 540792 Typewritter 2852 28523 Vaccum Cleaner 1372 13724 Computer 211057 1742335 Air-conditioner 55828 558286 Office Building 87770 877707 Fax Machine 12713 127138 Telephone Equipment 3040 30409 Electrification 12193 12193 Total : 440904 404080

1 UTI Tax Free Bonds of 6.5% (converted to UTI MF) 1217758 12177582 PNB- FDR 35500000 245000003 Sydicate Bank FD 12500000 125000004 Bank of Baroda - FDR 116500000 915000005 Central Bank of India - FDR 23224937 349400006 Bank of India FDR 19000000 07 UCO Bank FDR 29000000 08 Bank of Maharashtra 25100000 481000009 Nabard Bonds 4750000 4750000

Total : 266792695 217507758

(20)

I.M.A. NATIONAL SOCIAL SECURITY SCHEMENotes forming part of Annual Accounts

A. Significant Accounting Policies:

(1) AS 1 – Disclosure of Accounting Policies :

The Books of account has been maintained on the basis of cash method of

accounting.

(2) AS-4 Contingencies Liability & Event Occurring After Balance Sheet Date :

In the opinion of the Chairman of the Scheme, there are no events occurred after

Balance Sheet date which have material effect either on the Balance

Sheet or on Income & Expenditure account of the Scheme.

(3) AS -6 Depreciation Accounting :

Depreciation on fixed assets has not been provided.

(4) AS-10 Accounting For Fixed Assets :

Fixed assets are stated at cost.

(5) AS 13 - Investment

Investments are stated at the cost of acquisition. All investments of the

scheme are in companies / corporation approved by charity Commissioner.

B. Other Notes:

(1) Amounts received from member, as membership subscription from each member

enrolled during the year has been taken to Corpus Fund.

(2) Age-wise amounts received as admission fee from each member enrolled during

the year has been transferred to Reserve Fund Account fully.

(3) Amounts received at Rs.5000/- per member as Advance Fraternity Contribution

from each member enrolled during the year, has been shown as liabilities since the

amounts received is in advance and is to be adjusted at Rs.100/- per death per

member.

(4) Previous year figures have been regrouped and rearranged, wherever necessary to

make them comparable with those of current year.

(21)

(5) Amount due from members stated under the head Death Fraternity Contribution

Receivable is subject to adjustment and hence its effect on Income and

Expenditure account and in Balance Sheet, if any will be accounted in future.

(6) The amount has been rounded up in Rupees.

(7) Present and ascertained liability in respect of DFC

Members of the scheme are required to contribute to DFC only up to a period of 25 years,

from date of joining. Thereafter it is the liability of the scheme to contribute to DFC as

per scheme byelaws. Such liability is a present and ascertained liability of the scheme.

Therefore the actuary valuation report was obtained from M/s K.A.Pandit, Consultant

and actuaries of Mumbai. As per the report the present liability AS ON 31.03.15 IS

Rs 104091873/-.The said liability has been considered and provided in current years

accounts ,reducing therefrom, amount of liability provided till 31.03.14 being Rs324/-

lakh, and amounts accumulated and claimed in returns of income filed for earlier years,

Rs 382/- lakh

As per our Separate report of even date attached

Vijay M Shah(Proprietor)Mem # 17775Ahmedabad : 15-9-2015




For Vijay M. Shah & Co.,Chartered Accountants


FRN # 111417W

(23)11 0 0 5 2 3 3 11 13 14

0

450

250

750

750

900

1,10

0

1,20

0

1,30

0

1,35

0

0

64,0

40

74,1

60

1,18

,790

1,19

,710

1,58

,590

1,86

,670

2,12

,690

2,38

,390

2,63

,740

1994

-199

5

1995

-199

6

1996

-199

7

1997

-199

8

1998

-199

9

1999

-200

0

2000

-200

1

2001

-200

2

2002

-200

3

2003

-200

4

1,34

7

432

625

891

446

612

608

604

700

669

0 9 5 15 15 18 22 24 26 28

I.M

.A. N

.S.S

.S. A

s on

31-

03-2

015

No.

of

Term

inat

ion

/ Re

sign

ed /

Dup

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embe

rs

Max

imum

Am

ount

of

DFC

Pai

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Max

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Am

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m

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Year

No.

of

Adm

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aths

*Expired within 1 year of Admission.(22)

BUDGET ESTIMATE FOR THE YEAR 2016-2017


Ahmedabad-380 009 (Gujarat)Phone/Fax : (079) 2658 5430 E-Mail : [email protected]; [email protected]

Website : www.imansss.org

Dr. Yogendra S. Modi

Hon. SecretaryDr. Kirti M. Patel

Chairman

Particulars Budgeted Budgeted2016-17 2015-16 2014-15 2014-15

INCOME :F. D. Interest 2,10,00,000 1,70,00,000 1,20,00,000 2,22,00,820Misc. Income 7,00,000 7,00,000 5,00,000 10,75,075TOTAL 2,17,00,0001,77,00,000 1,25,00,000 2,32,75,895EXPENSES :Advertisement 50,000 50,000 50,000Audit Fee 20,000 20,000 20,000 20,618Actuary Certification Charges 35,000 35,000 - -Bank Charges 70,000 60,000 60,000 66,310Bonus 45,000 40,000 35,000 33,650Building Repairing & Maintenance 50,000 50,000 50,000 - Contribution to 70,000 70,000 - -charity commissionerComputer Exp. 15,000 15,000 15,000 5,485Computer Software 20,000 15,000 15,000 12,500MaintenanceElectricity Exp. 25,000 20,000 20,000 16,976Income Tax 50,000 15,000 15,000 54,944Consultation ChargesInterest to Advance 55,000 50,000 45,000 45,729DFCLegal Fees 15,000 15,000 15,000 1,990Loss of DFC receivable from 30,000 30,000 30,000 -terminated members / Net DFC Not received after adj. of AFCMeeting Expense 30,000 25,000 20,000 19,900Misc. Exp. 20,000 20,000 20,000 8,499Municipal Tax 20,000 20,000 20,000 12,660Other Repairs & Maintenance 50,000 25,000 25,000 52,872Paid to Resigned Member 5,000 5,000 5,000 -Postage 3,00,000 2,70,000 2,70,000 2,46,566Printing & Stationery 2,50,000 1,65,000 1,65,000 2,35,658Salary 4,00,000 3,50,000 3,50,000 3,77,750Tea - Refreshment 30,000 25,000 25,000 21,495Telephone Exp. 20,000 20,000 20,000 11,812Travelling Exp. 3,00,000 3,00,000 2,25,000 1,21,430Website Exp. 30,000 25,000 25,000 20,939TOTAL : 20,05,000 17,35,000 15,40,000 13,87,783

Budgeted Actual

*Expired within 1 year of Admission.

7 15 3 5 5 32 12 22 53 16 34

266

1,45

0

1,65

0

1,70

0

1,70

0

2,00

0

2,20

0

3,10

0

3,10

0

2,50

0

5,35

0

4,95

0

37,7

50

2,87

,200

3,11

,640

3,39

,910

3,73

,310

4,09

,090

4,45

,230

4,80

,170

5,05

,330

5,36

,641

9,73

,539

9,99

,430

2004

-200

5

2005

-200

6

2006

-200

7

2007

-200

8

2008

-200

9

2009

-201

0

2010

-201

1

2011

-201

2

2012

-201

3

2013

-201

4

2014

-201

5

TOTA

L

600

705

702

939

910

930

920

710

680

610

630

15,2

70

31 33

37(3

4+3*

)

36(3

4+2*

)

42(4

0+2*

)

45(4

4+1*

)

62

66(6

2+4*

)

50

61(6

0+1*

)

50

675

I.M

.A. N

.S.S

.S. A

s on

31-

03-2

015

No.

of

Term

inat

ion

/ Re

sign

ed /

Dup

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rs

Max

imum

Am

ount

of

DFC

Pai

d by

m

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Max

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Am

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gi

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to t

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amily

m

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Year

No.

of

Adm

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aths

(24)

publication for 2015

Documents